{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-108750","form_type":"8-K","ticker":"CRAC","cik":"0002070887","company_name":"Crown Reserve Acquisition Corp. I","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.526913+00:00","generated_at":"2026-05-16T21:51:36.160370+00:00","sec_items":["1.01","3.02","5.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Crown Reserve Acquisition Corp. I closes $172.5M SPAC IPO on Nasdaq","bullets":["Priced 17.25M units at $10/unit; gross proceeds $172.5M including full exercise of over-allotment.","Units trade on Nasdaq under CRACU; each unit consists of one ordinary share, half warrant, and one right.","Trust account funded with ~$172.5M ($10/unit); funds available for initial business combination within 12 months.","Management led by CEO Prashant Patel and CFO Eric Sherb; board includes four independent directors.","Business combination focus on pharma, medical technology, and healthcare IT industries."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-108750","json":"https://secwatch.observer/filing/0001213900-25-108750.json","markdown":"https://secwatch.observer/filing/0001213900-25-108750.md","text":"https://secwatch.observer/filing/0001213900-25-108750.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/ea0264850-8k_crown1.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:51:36.160370+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"591021dba535b773928fe441ef8dfaa843c95fe7","claim":"Crown Reserve Acquisition Corp. I issued 375,000 private placement units of unit to Crown Acquisition Sponsor LLC for $8.00 per Private Placement Unit.","evidence_excerpt":"the Company completed the private sale of an aggregate of 375,000 private placement units (the “Private Placement Units”) to Crown Acquisition Sponsor LLC at a price of $8.00 per Private Placement Unit","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"unit"},{"label":"Shares","value":"375,000 private placement units"},{"label":"Purchaser","value":"Crown Acquisition Sponsor LLC"},{"label":"Consideration","value":"$8.00 per Private Placement Unit"}],"fact_type":"equity_issuance"},{"claim_id":"8f3afbe7e4418365f3ed59c613170611c6325125","claim":"Crown Reserve Acquisition Corp. I: Adopted Fourth Amended and Restated Memorandum and Articles of Association upon effectiveness of registration statement for initial public offering (effective 2025-09-26).","evidence_excerpt":"On September 26, 2025, upon the effectiveness of its registration statement on Form S-1 (File No. 333-287674) in connection with its initial public offering, the Company adopted its Fourth Amended and Restated Memorandum and Articles of Association, which had been conditionally approved by special resolution of the shareholders on September 25, 2025","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/2070887/000121390025108750/0001213900-25-108750-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-26"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}